Spring manufacturer Zhejiang Meili High Technology (SHE:300611) subsidiary Meili Germany purchased assets related to AHLE's business for 8.1 million euros via auction.
The assets included plant buildings, production equipment, inventory, intangible assets and contract rights, according to a Friday filing with the Shenzhen bourse.
The purchase of AHLE-which produces automotive suspension springs, brake chamber springs and return springs-is synergistic with the company's main business.
Shares of Zhejiang Meili High Technology closed 7% lower Friday.